The Week Ahead: Focus Shifts to Retail, Fed

Retail stocks take center stage this weeks, with blue chips Home Depot Inc (HD) and Wal-Mart Stores, Inc. (WMT) among the retailers slated to report earnings

Nov 10, 2016 at 2:36 PM
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With the U.S. election cycle wrapped up, focus will shift to retail, with October retail sales figures due and a number of retail names scheduled to step up to the earnings plate. Blue-chip retailers Home Depot Inc (NYSE:HD) and Wal-Mart Stores, Inc. (NYSE:WMT) are set to report, along with other big names including Abercrombie & Fitch Co. (NYSE:ANF), Best Buy Co Inc (NYSE:BBY), Dicks Sporting Goods Inc (NYSE:DKS), Gap Inc (NYSE:GPS), and Target Corporation (NYSE:TGT), just to name a few. Elsewhere, Fed chatter will build ahead of next month's meeting, with a number of Fed officials set to speak throughout the week.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

The week kicks off on Monday, Nov. 14, with speeches from Dallas Fed President Robert Kaplan, Richmond Fed President Jeffrey Lacker, and San Francisco Fed President John Williams. The week's earnings begin with reports from Advanced Auto Parts (AAP), AlarmCom (ALRM), Autohome (ATHM), Energy Focus (EFOI), InterOil Corporation (IOC), Pan American Silver (PAAS), and Zoe's Kitchen (ZOES).

On Tuesday, Nov. 15, October retail sales will be released, along with the Empire State manufacturing survey, and data on imports and exports and business inventories. Also on the docket are speeches from Boston Fed President Eric Rosengren and Fed Vice Chairman Stanley Fischer. On the earnings front, Home Depot (HD) a, Aramark (ARMK), Beazer Homes (BZH), DKS, JD.Com (JD) Mobileye NV (MBLY), Stratasys (SSYS), Teva Pharmaceutical (TEVA), TJX Companies (TJX), and Tower Semiconductor (TSEM) are all slated to report.

Scheduled for Wednesday, Nov. 16, is the release of the producer price index (PPI), industrial production data, the latest MBA mortgage index, the NAHB housing market index, and weekly crude inventories. Minneapolis Fed President Neel Kashkari will speak in New York, Philadelphia Fed President Patrick Harker will speak in Philadelphia, and St. Louis Fed President James Bullard will give a speech in London. Cisco Systems (CSCO), JinkoSolar (JKS), L Brands (LB), Lowe's (LOW), Meritor Inc (MTOR), NetApp (NTAP), and Target (TGT) will all take their turn at earnings.

On Thursday, Nov. 17, the consumer price index (CPI) and housing starts are due out, along with weekly jobless claims, the Philadelphia Fed business outlook, and the Fed's balance sheet. New York Fed President William Dudley will speak in the morning, and Chicago Fed President Charles Evans is slated to make remarks later in the day. As for earnings, blue-chip WMT will report, as well as Applied Materials (AMAT), BBY, GPS, Intuit Inc (INTU), JA Solar Holdings (JASO), Keysight Technologies (KEYS), Manchester United (MANU), Marvell Technology Group (MRVL), Natural Grocers (NGVC), Perry Ellis (PERY), Ross Stores (ROST), (CRM), Sportsman's Warehouse (SPWH), Stage Stores Inc (SSI), Staples (SPLS), and Stein Mart (SMRT).

To wrap up the week on Friday, Nov. 18, Bullard will again speak in Europe, followed by a late morning speech from Kansas City Fed President Esther George, with Kaplan slated to speak in Houston later in the day. In addition, the weekly Baker Hughes rig count will be released, as well as the Kansas City Fed manufacturing index. For earnings, retailers ANF, Buckle (BKE), Foot Locker (FL), and Hibbett Sports (HIBB) will all step up to the earnings confessional.

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